Inventory Audit. The inventory audit contemplated by Section 9.3 shall have been completed and the results thereof shall be satisfactory to Purchaser.
Inventory Audit. Within five days prior to Closing, Seller and Purchaser shall each appoint one or more representatives knowledgeable in the heavy duty truck business, and shall cause such representatives to conduct an audit (in accordance with generally accepted accounting principles, consistently applied) of the inventory of the Assets as of the Closing Date. Each party shall bear their cost of conducting such audit.
Inventory Audit. The parties hereby agree that LM shall conduct an inventory audit, as of October 31, 1997, of the Access Graphics Business. GE and its Representatives shall have the opportunity to observe the inventory audit. Any adjustments resulting from the inventory audit shall be taken into account in connection with the preparation of the Access Graphics Closing Balance Sheet, but shall not be taken into account in respect of the Access Graphics Balance Sheet (June 30, 1997).
Inventory Audit. Provide an audit of the inventory of the BORROWER as of the last day of each fiscal year of the BORROWER . The audit shall be prepared at the BORROWER 's expense, by an auditor acceptable to the BANK. The audit shall identify the type and quantity of the assets contained within the inventory and the value for same. The audit shall be delivered no later than thirty (30) days after the end of each fiscal year of the BORROWER.
Inventory Audit. In the two (2) day period beginning on the fourth (4th) calendar day prior to the Closing Date and ending on the third (3rd) calendar day prior to the Closing Date, the Sellers shall (or shall cause their Subsidiaries or representatives to) conduct a physical count of all Inventory and Excluded Inventory (the “Physical Count”) located at any location (including, without limitation, Contract Manufacturers’ premises) where the total value of Inventory exceeds fifty thousand dollars ($50,000) (each such location, a “Confirmed Inventory Location”). At least seven (7) calendar days prior to the Physical Count, the Sellers shall notify Purchaser of the address of each Confirmed Inventory Location and the date(s) and time(s) when the Physical Inventory is scheduled at each such Confirmed Inventory Location and shall provide Purchaser with a schedule setting forth (A) the Inventory and Excluded Inventory located at each Confirmed Inventory Location and (B) all Inventory and Excluded Inventory. Purchaser and its Affiliates and their respective Representatives shall have the right to monitor the Physical Count as well to have access at such reasonable times and to all such Confirmed Inventory Locations as Purchaser may reasonably request to conduct an inspection of all Inventory and Excluded Inventory located at such Confirmed Inventory Locations. Based on the Physical Count, the Sellers shall confirm and identify all Inventory and Excluded Inventory at each Confirmed Inventory Location (such Inventory and Excluded Inventory, the “Confirmed Inventory”).
Inventory Audit. CTG shall be entitled to conduct inventory audits of the Co-location Servers regularly or occasionally, and Service Provider shall provide assistance and convenience accordingly. If the result of the inventory audit does not match the information as stipulated in the applicable Service Order, Service Provider shall assist CTG to discover the reasons.
Inventory Audit. Micron will grant reasonable access to the Joint Venture Company’s personnel or appointed auditors to conduct an annual inventory audit of the inventory of WIP and Probed Wafers. Such annual audit shall be coordinated by Micron according to its standard inventory procedures and shall be conducted in such a manner as to minimize disruptions to the performance Micron’s operations and business affairs. Any such annual audit will be pre-scheduled to coincide with a monthly, quarterly or yearly cut-off as reported by Micron or as otherwise agreed to by both Parties.
Inventory Audit. Prior to the Closing Date, EPP and Company shall have established inventory teams and/or engaged a third-party inventory service firm (the “Inventory Teams”), the cost of which shall be borne equally between EPP and Company. The Inventory Teams shall determine the Cost of the Motor Fuel Inventory as follows:
(a) At 7:00 a.m. on the day which is one (1) Business Day before the Closing Date, the Inventory Teams shall have conducted an Audit of the Motor Fuel Inventory; and on the Closing Date and on the date immediately following the Closing Date, the Inventory Teams shall conduct additional Audits of the Motor Fuel Inventory to the extent necessary.
(b) At the times set forth above, the Inventory Teams shall, in conjunction with each Facility manager, determine the amount of Motor Fuel Inventory (net of water, sludge, dirt, sand and other foreign substances) by Xxxxxx Root tank gauging and stick measurement device. Company and EPP shall each cause each Facility manager to assist the Inventory Teams in conducting each Audit. Company and EPP shall have the right to have their respective representatives observe each Audit of the Motor Fuel Inventory provided that such observation rights do not delay such Audit. EPP shall reconcile such count to 12:01 a.m., local time at each location with Motor Fuel Inventory, on the Closing Date by adjusting for all sales from Motor Fuel Inventory, based on pump meter readings, and all additions to Motor Fuel Inventory, based on receipts for delivery of additional Motor Fuel Inventory, that occur between the time of the Audit and 12:01 a.m. on the Closing Date. The Inventory Teams will record such measurements. Within ten (10) days after Closing, EPP shall pay Company for the Cost of such Motor Fuel Inventory via certified funds.
Inventory Audit. Buyer will engage an inventory audit firm to count all Inventory Physically Present in Seller’s Facilities as of Closing. Buyer will be responsible for the costs of this physical inventory audit and Seller agrees to allow access to and cooperate with Buyer and the firm to allow the audit to be completed prior to Closing. Seller agrees that the invoiced amount from DirecTV for new Major Inventory received by Seller within 30 days of Closing and Physically Present in Seller’s Facilities at Closing will be at least $2.5 million. Seller will communicate on a regular basis to Buyer its Inventory ordering process from the date hereof to the Closing.
Inventory Audit. Weekly activity reconciliation shall be provided by Ballistics, with immediate reconciliation upon request by the Validating Officer. Periodic audits will be performed at the Member’s Facility on its loan book, inventory, reports, and all other related records as determined in Ballistics sole discretion.
